Airbnb has introduced a new “reserve now, pay later” option that lets users in the US book a reservation without paying right away. Instead, users can put off their payment to a later date before check-in.
Airbnb says it will require payment before the end of a stay’s free cancellation period, ensuring “hosts have time to secure another booking even if a guest cancels.” The option is only available for stays in the US with a moderate or flexible cancellation policy. Airbnb also notes that it will still charge upfront for travel insurance, climate contribution, or other optional add-ons.
While Airbnb already offers a “pay part now, pay later” option, which allows users to pay part of their bill at checkout and the rest before check-in, this new method means users don’t have to make a payment at the time of booking at all. Airbnb offers payments with the buy now pay later service, Klarna, as well.
from The Verge
via Airbnb now lets you ‘pay later’ on vacation rentals